Industrial Decarbonization
Washington’s Department of Ecology confirmed that it raised almost $300 million from the state’s first quarterly cap-and-trade auction held in February.
EPA announced details of its Good Neighbor Plan to slash emissions of smog-forming nitrogen oxides; the rules will affect power plants in 23 states.
Washington carbon allowance prices will increase sharply as the state’s cap-and-trade program becomes better established, carbon market analysts said.
The Department of Energy will award $6 billion to accelerate decarbonization projects in energy-intensive industries, the largest investment of its kind.
Washington’s first cap-and-trade auction earned the state nearly $300 million in revenue and unloaded all allowances on offer.
DERs are still a couple years away from actually participating at the wholesale level as FERC works on RTO and ISO compliance with Order 2222.
A net zero bill unveiled by New Mexico lawmakers has already stumbled, failing to advance out of a Senate committee.
DOE is targeting the dirtiest and hardest-to-decarbonize electric power and industrial plants with $2.5 billion for "transformative" carbon capture projects.
New Jersey Gov. Phil Murphy signed a law to give business tax credits to producers who supply state projects with concrete made with lower GHG emissions.
The California Energy Commission awarded large grants to boost in-state production of electric tractors, forklifts, batteries and charging stations.
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